JAKARTA. PT Logsticsplus International Tbk (LOPI), a transportation and logistics service provider, will begin its initial public offering (IPO) by issuing 300 million shares.

In the prospectus, it was said that LOPI’s shares issued in this IPO is equal to 27.27% of its total issued and paid-up capital post-IPO. Each share has a face value of IDR 25, and all will be offered to the public for IDR 100 to IDR 150 per share.

Assuming that the company agreed upon the highest offering price, IDR 150 per share, it will potentially gain fresh funds of up to IDR 45 billion from this IPO.

The book building is scheduled to take place from September 20 to 22, 2023, followed by public offering on October 3-5, 2023. Lastly, the stock listing on the board is set to October 9, 2023.

For this IPO, LOPI has assigned PT Elit Sukses Sekuritas as the underwriter. (KR/ZH)